Hi all,
I am newbie trader. I started trading since January this year and have moderate success with ups and down. Right now, I am using the charts on google finance to place my trades on BSE. In the same way, is there any free website like google finance where I can see the intra day and EOD charts of future stocks??
And also i have one more doubt regarding futures. In stocks I make profit or loss only when I sell the stock. But I read the following thing about futures on one website :
"You purchased a HPCL Futures contract and the underlying price is Rs 311 per share.
Let's say, the next day it moves to Rs 312.
The difference is Rs 1 per share (312 311)
You get a credit Rs 650 (Rs 1 per share x 650 shares).
The following day, it dips to Rs 310.
The difference is Rs 2 per share (312 310)
Since the price has dipped, Rs 1,300 (Rs 2 per share x 650 shares) is debited from your account.
This will go on till you sell the Futures contract or it expires (last Thursday of the month).
So, on a daily basis you make and lose money."
Is this true that I make or loss money (that is money keeps debiting or crediting whether the I sell or not) as long as I hold on to it??
I am newbie trader. I started trading since January this year and have moderate success with ups and down. Right now, I am using the charts on google finance to place my trades on BSE. In the same way, is there any free website like google finance where I can see the intra day and EOD charts of future stocks??
And also i have one more doubt regarding futures. In stocks I make profit or loss only when I sell the stock. But I read the following thing about futures on one website :
"You purchased a HPCL Futures contract and the underlying price is Rs 311 per share.
Let's say, the next day it moves to Rs 312.
The difference is Rs 1 per share (312 311)
You get a credit Rs 650 (Rs 1 per share x 650 shares).
The following day, it dips to Rs 310.
The difference is Rs 2 per share (312 310)
Since the price has dipped, Rs 1,300 (Rs 2 per share x 650 shares) is debited from your account.
This will go on till you sell the Futures contract or it expires (last Thursday of the month).
So, on a daily basis you make and lose money."
Is this true that I make or loss money (that is money keeps debiting or crediting whether the I sell or not) as long as I hold on to it??
